Daily Reports 2025
Daily Market Trends
View the most up-to-date daily market trends below. Provided by ForexPeople.
FX DAILY REPORT
31 March 2025
The Rand opened weaker against all the majors this morning.
The ZAR weakened significantly on Friday afternoon after the ANC rejected the DA’s economic policy proposal, sparking concerns over a potential collapse of the GNU and…
FX DAILY REPORT
28 March 2025
The Rand opened stronger against the USD and weaker against the GBP & EUR this morning.
Gold is currently trading at a new all-time high of $3,080.00 as investors flock to safe haven assets before Trumps reciprocal tariff announcement on the 2nd of April…
FX DAILY REPORT
27 March 2025
The Rand opened relatively unchanged against the USD and stronger against the GBP & EUR this morning.
The UK CPI inflation results came in lower than expected yesterday at 2.8%, compared to the forecasted 2.9% and the previous 3.0%…
FX DAILY REPORT
26 March 2025
The Rand opened weaker against the GBP and relatively unchanged against the USD & EUR this morning.
The EUR is under slight pressure following dovish remarks from European Central Bank policymakers, signaling that interest rates…
FX DAILY REPORT
25 March 2025
The Rand opened weaker against all the majors this morning.
Markets are growing more uncertain as Trump prepares to announce new reciprocal trade tariffs on the 2nd of April. These tariffs are said to be targeted by sector and country rather…
FX DAILY REPORT
24 March 2025
The Rand opened stronger against the GBP and weaker against the USD & EUR this morning.
The South African Reserve Bank decided to hold interest steady at 7.50% on Thursday afternoon, with SARB Governor Lesetja Kganyago stating “Some policy adjustments…
FX DAILY REPORT
20 March 2025
The Rand opened stronger against all the majors this morning.
The ZAR strength can be largely attributed to the strong performance of the Johannesburg Stock Exchange (JSE), which hit a record high yesterday. Additionally, rising gold prices have…
FX DAILY REPORT
19 March 2025
The Rand opened weaker against all the majors this morning.
Gold continues to soar, reaching a record high of $3,042.00 with no signs of slowing down. As the escalating trade war causes risk sentiment to increase across global markets, investors…
FX DAILY REPORT
18 March 2025
The Rand opened stronger against all the majors this morning.
The USD continues to weaken following disappointing retail sales data released yesterday, adding to concerns about a decline in consumer spending. This data release, in…
FX DAILY REPORT
17 March 2025
The Rand opened stronger against all the majors this morning.
The strength of the ZAR can be largely attributed to high commodity prices, particularly gold, which surged to a record high above $3,000 on Friday…
FX DAILY REPORT
14 March 2025
The Rand opened stronger against all the majors this morning.
The EUR weakened yesterday as the trade war between the EU and the US escalated. In response to Trump’s aluminium and steel tariffs, the EU imposed a 50% tax on American…
FX DAILY REPORT
13 March 2025
The Rand opened weaker against all the majors this morning.
The ZAR weakened yesterday following the South African Budget Speech as disagreements in the GNU persist, despite the revised VAT hike of 0.5% set to take effect on the 1st of May…
FX DAILY REPORT
12 March 2025
The Rand opened stronger against the USD and weaker against the EUR & GBP this morning.
All eyes will be on the South African Budget Speech today at 14:00, following its postponement from 19 February due to the GNU’s disagreement on the proposed 2% VAT…
FX DAILY REPORT
11 March 2025
The Rand opened weaker against all the majors this morning.
Investors will be closely watching the South African Budget Speech tomorrow at 14:00, amid speculation about a possible VAT increase and the introduction of a wealth tax, both of…
FX DAILY REPORT
10 March 2025
The Rand opened weaker against all the majors this morning.
Despite the current USD weakness, President Trump took aim at South Africa on Friday afternoon, causing the ZAR to weaken against all currencies…
FX DAILY REPORT
07 March 2025
The Rand opened stronger against all the majors this morning.
The USD drops to a new yearly low of 18.10, struggling as President Donald Trump’s tariff policies spark fears of a prolonged global trade war, potentially slowing economic growth and…
FX DAILY REPORT
06 March 2025
The Rand opened weaker against the EUR and stronger against the GBP & USD this morning.
The USD continues to weaken as investors digest the new Trump tariff policies implemented this week. Additionally, ADP Nonfarm Employment Change came out much…
FX DAILY REPORT
05 March 2025
The Rand opened stronger against the USD and weaker against the GBP & EUR this morning.
Trump’s trade tariffs have backfired on the USD, fuelling investor concerns about the long-term economic outlook of the United States.
Adding to the pressure, US Treasury Secretary…
FX DAILY REPORT
04 March 2025
The Rand opened stronger against the USD and weaker against the GBP & EUR this morning.
The Eurozone’s preliminary CPI inflation results came in 0.1% higher than expected for both Headline CPI and Core CPI. Additionally, the Manufacturing PMI exceeded expectations…
FX DAILY REPORT
03 March 2025
The Rand opened significantly weaker against all the majors this morning.
South Africa’s strained relations with the U.S. have escalated after President Ramaphosa criticized U.S. policy on Israel and backed an ICC arrest warrant for Israeli Prime Minister…
FX DAILY REPORT
28 February 2025
The Rand opened weaker against the USD and stronger against the EUR & GBP this morning.
President Trump confirmed that the 25% trade tariffs on Canada and Mexico will take effect on March 4th—one month earlier than the previous April 2nd deadline. This development is…
FX DAILY REPORT
27 February 2025
The Rand opened weaker against the GBP and stronger against the EUR & USD this morning.
South African CPI Inflation came out higher at 3.2% (YoY) compared to the previous 3.0%. Although inflation increased, it is still on the lower end of the SARB target and we could…
FX DAILY REPORT
26 February 2025
The Rand opened weaker against all the majors this morning.
The EUR strengthened yesterday as investor sentiment improved on expectations of increased government spending in Germany, following reports that the nation is…
FX DAILY REPORT
25 February 2025
The Rand opened stronger against all the majors this morning.
Relations between the U.S. and Europe strained further after the UN General Assembly meeting, with the U.S. taking a softer approach while Europe pushed for a tougher stance against…
FX DAILY REPORT
24 February 2025
The Rand opened weaker against all the majors this morning.
This weekend, Eskom announced the return of loadshedding, peaking at stage 6 on Sunday before being reduced to stage 4 this morning. Combined with the internal conflicts within…
FX DAILY REPORT
21 February 2025
The Rand opened weaker against the EUR and stronger against the USD & GBP this morning.
USD weakness can be attributed to disappointing Initial Jobless Claims and Manufacturing Index results. Additionally, uncertainty surrounding Trump’s tariffs…
FX DAILY REPORT
20 February 2025
The Rand opened weaker against all the majors this morning.
The South African Budget Speech, originally set for yesterday, has been rescheduled to March 12 after the DA and ANC failed to agree on a proposed VAT increase from 15% to 17%…
FX DAILY REPORT
19 February 2025
The Rand opened weaker against all the majors this morning.
US President Trump announced late Tuesday that he is likely to impose a 25% tariff on foreign cars, with even higher tariffs possible for semiconductor chips and pharmaceuticals…
FX DAILY REPORT
18 February 2025
The Rand opened stronger against the EUR and weaker against the USD & GBP this morning.
The Trump administration and Russian officials are set to meet later today in Saudi Arabia, aiming to strengthen relations and negotiate a resolution to the ongoing war in Ukraine…
FX DAILY REPORT
17 February 2025
The Rand opened stronger against all the majors this morning.
South Africa could face potential tax shocks this Wednesday as Finance Minister Enoch Godongwana presents the 2025 budget. Possible increases in VAT, fuel levies, and…
FX DAILY REPORT
14 February 2025
The Rand opened stronger against the USD and weaker against the GBP & EUR this morning.
The Johannesburg Stock Exchange (JSE) reached a new all-time high yesterday, fuelled by Richemont SA’s strong rally. This momentum is likely to lend support to the ZAR…
FX DAILY REPORT
13 February 2025
The Rand opened weaker against all the majors this morning.
US CPI inflation results released yesterday afternoon came out higher than expected for all inflation figures. This caused the USD to strengthen as this will cause the Feds to…
FX DAILY REPORT
12 February 2025
The Rand opened weaker against all the majors this morning.
Jerome Powell testified yesterday, highlighting the overall strength of the U.S. economy and a robust labor market. He also noted that while inflation is easing, it remains above the 2%…
FX DAILY REPORT
11 February 2025
The Rand opened stronger against all the majors this morning.
Gold surged to a new all-time high of $2,942.00 early this morning but quickly retreated to its current level of $2,923.00. The elevated gold price is likely providing support for the ZAR…
FX DAILY REPORT
10 February 2025
The Rand opened weaker against all the majors this morning.
On Friday, President Trump officially ordered a halt to all funding to South Africa amid ongoing disputes over the Expropriation Act. Additionally, he announced support for…
FX DAILY REPORT
07 February 2025
The Rand opened stronger against all the majors this morning.
The big market movers for today will be all the US labour market data being released this afternoon, especially the Nonfarm payrolls report. Nonfarm Payrolls is expected to come…
FX DAILY REPORT
06 February 2025
The Rand opened stronger against all the majors this morning.
Gold reached a new all-time high of $2,880.00 yesterday, driven by heightened risk aversion among investors seeking safe-haven assets. This surge in gold prices is likely supporting the…
FX DAILY REPORT
05 February 2025
The Rand opened stronger against the USD and marginally weaker against the GBP & EUR this morning.
US JOLTS Job Openings came out lower than anticipated yesterday, at 7.600M compared to the expected 8.010M. This likely caused the…
FX DAILY REPORT
04 February 2025
The Rand opened weaker against the GBP and stronger against the USD & EUR this morning.
In response to former President Donald Trump’s comments on South Africa’s Expropriation Bill, President Cyril Ramaphosa has agreed to engage with Trump to foster a better…
FX DAILY REPORT
03 February 2025
The Rand opened weaker against all the majors this morning.
The return of loadshedding, announced on Friday, led to a weakening of the ZAR against all major currencies. The latest update confirmed a return to Level 4 loadshedding…
FX DAILY REPORT
31 January 2025
The Rand opened stronger against the EUR and weaker against the GBP & USD this morning.
The South African Reserve Bank and the European Central Bank both reduced interest rates by 25 basis points yesterday afternoon. Since these cuts were already anticipated…
FX DAILY REPORT
30 January 2025
The Rand opened stronger against all the majors this morning.
Yesterday evening, the US Feds held interest rates steady at 4.50% as expected. During the FOMC press conference, officials acknowledged that while economic growth and the labour…
FX DAILY REPORT
29 January 2025
The Rand opened stronger against all the majors this morning.
All eyes will be on the US Feds interest rate decision and FOMC press conference this evening. Markets widely expect the Fed to keep rates unchanged, with the CME FedWatch…
FX DAILY REPORT
28 January 2025
The Rand opened significantly weaker against all the majors this morning.
China has unveiled a new AI model called DeepSeek, which is competing with top-tier models like ChatGPT. Remarkably, DeepSeek achieves comparable results while using…
FX DAILY REPORT
27 January 2025
The Rand opened stronger against the USD and weaker against the GBP & EUR this morning.
President Trump recently stated that he would prefer not to impose tariffs on China. This improved risk sentiment, leading to a stronger ZAR. As China is South Africa’s largest trading…
FX DAILY REPORT
24 January 2025
The Rand opened weaker against all the majors this morning.
President Trump stated yesterday, “With oil prices going down, I’ll demand the US Federal Reserve to cut interest rates immediately, and likewise, they should be dropping all over the…
FX DAILY REPORT
23 January 2025
The Rand opened stronger against all the majors this morning.
South Africa’s CPI inflation and retail sales data, released yesterday, revealed encouraging economic trends. Consumer Price Index (CPI) inflation rose by 3.0% year-on-year, slightly…
FX DAILY REPORT
22 January 2025
The Rand opened stronger against the USD and weaker against the EUR & GBP this morning.
The USD’s gains remain subdued amid trade uncertainty, driven by President Trump’s consideration of imposing 25% tariffs on imports from Canada and Mexico by February…
FX DAILY REPORT
21 January 2025
The Rand opened stronger against the USD and weaker against the EUR & GBP this morning.
Trump’s inauguration speech outlined several plans and policies, with a significant focus on economic measures, particularly trade tariffs. Among the key announcements was the threat…
FX DAILY REPORT
20 January 2025
The Rand opened stronger against all the majors this morning.
Today marks the inauguration of Donald Trump as President. While it is a USD holiday due to Martin Luther King Jr. Day, the currency could experience significant volatility based on any…
FX DAILY REPORT
17 January 2025
The Rand opened weaker against all the majors this morning.
Uncertainty surrounding the Trump administration’s new policies has tempered expectations for a Federal Reserve rate cut, despite easing U.S. inflation reflected in the…
FX DAILY REPORT
16 January 2025
The Rand opened stronger against all the majors this morning for the 3rd consecutive day.
UK CPI inflation increased by 0.3% month-on-month and 2.5% year-on-year, falling slightly short of expectations. Core CPI also saw a more significant decline than anticipated…
FX DAILY REPORT
15 January 2025
The Rand opened stronger against all the majors this morning.
The USD weakened yesterday afternoon following the release of Producer Price Index (PPI) data. The monthly PPI growth came in at 0.2%, below the expected 0.4%. As PPI often…
FX DAILY REPORT
14 January 2025
The Rand opened stronger than all the majors this morning.
We can expect the USD to remain strong leading up to Donald Trumps inauguration and could strengthen further as Trump implements new policies to strengthen the US economy…
FX DAILY REPORT
13 January 2025
The Rand weakened significantly against all the majors this morning.
The USD is currently at a 10-month high against the ZAR, propelled by investor confidence in Donald Trump as we inch closer to the 20th of January when he will be sworn in as President…